Fixed-Rate Second Mortgages

• Fixed rate and fixed term secured by equity in primary residence
• Loan terms from 5 years to 15 years
• Monthly principal and interest payments
• Funds can be used for any purpose from home improvement to college expenses
• Competitive rates and closing costs
• Interest is normally tax-deductible
• Funds are disbursed in one lump sum
• Appropriate for many different borrowers who wish to have a loan which is tax deductible and has a set monthly payment